European values advance but investors eye inflation data for signals from ECB on rate hikes

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European values advance but investors eye inflation data for signals from ECB on rate hikes
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Irish index broadly flat on Friday, with banking shares regaining ground and construction stocks turning softer via IrishTimesBiz

Britain’s FTSE 100 index closed higher on Friday, with healthcare and energy stocks leading as oil prices rebounded and drugmaker GSK jumped, while data showed the British economy grew slightly in the first quarter of the year.GSK added 1.8 per cent after the drugmaker said a Canadian provincial Supreme Court dismissed a proposed class action against heartburn drug Zantac over increased cancer risk.

Scor soared 9.4 per cent to top the Stoxx 600 after the French reinsurance company posted nearly double the first-quarter net income expected by markets. The indexes rose at the opening bell on gains in Tesla following news that top boss Elon Musk had found a new chief executive for Twitter. But they soon reversed gains to fall 2.3 per cent. Mr Musk later announced that NBCUniversal executive Linda Yaccarino would be Twitter chief.

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